PE Pair Scoops Up Colombian Oil Player Vetra

Law360, New York (July 30, 2013, 6:01 PM EDT) -- A pair of private equity firms teamed up to buy one of Colombia's largest privately owned oil producers, Vetra Energia SL, in a deal that gives the investment houses a sizable piece of a growing exploration business in the Latin American country, they said Tuesday.

The firms — Los Angeles-based Capital Group's Capital International Private Equity Fund VI LP and Washington, D.C.-headquartered Acon Investments LLC — did not say how much they agreed to put up for the assets or how they would split Vetra ownership....